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May 21, 2013
05/13
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taxes. its ceo and cfo are about to be grilled on capitol hill. we're watching the first part of the session and they're on the second panel. >> they're hearing from a couple of finance professors right now giving them a sense of what the tax law is and what these professors think it should be given the findings here of the senate subcommittee. in essence, the subcommittee here doing months of research found that apple created three corporate entities that were sort of stateless. they didn't exist in the united states for tax purposes. they were ringstered leg stlega ireland, but not for tax purposes. they didn't exist anywhere in the country. the committee says that's a big problem and it was done to avoid taxes. it doesn't use tax gimmicks and the setup of one of these sub entities didn't reduce their u.s. tax burden at all. we'll get to the bottom of that. everyone here waiting, of course, for tim cook, the ceo of apple to take the chair there in the room and begin his testimony. we have
taxes. its ceo and cfo are about to be grilled on capitol hill. we're watching the first part of the session and they're on the second panel. >> they're hearing from a couple of finance professors right now giving them a sense of what the tax law is and what these professors think it should be given the findings here of the senate subcommittee. in essence, the subcommittee here doing months of research found that apple created three corporate entities that were sort of stateless. they...
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Mar 18, 2013
03/13
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you're going to tax foreigners instead of taxing your own people. that's one of the rationales for doing this. >> you don't go into that cycle of more austerity and the worst economy, more austerity and worse economy. >> right. >> you can see why they've done it. >> you can. i think the real is why would you go below the insurance threshold? it's such a killer of confidence. why would you risk that and i am told by numerous sources and it's because the president of cyprus didn't want to go above 9.9% originally the same way the dollar store doesn't want to price over 99 cents and he didn't want to tell the foreign depositors that he would take 16% of their money. >> in essence they're taxing the poor in order to keep the offshore on moo. >> to keep their business intact. >> great reporting. we'll come back to you in the show. >> let us bring in charlie and director of research with ariel investments as well as gary thayer, chief macro strategist with wells fargo advisers. gary, first to you. does this change your overall view on the u.s. stock marke
you're going to tax foreigners instead of taxing your own people. that's one of the rationales for doing this. >> you don't go into that cycle of more austerity and the worst economy, more austerity and worse economy. >> right. >> you can see why they've done it. >> you can. i think the real is why would you go below the insurance threshold? it's such a killer of confidence. why would you risk that and i am told by numerous sources and it's because the president of...
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Jan 15, 2013
01/13
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the wealthy see charity and taxes two sides of the same coin. taxes go up, charity must go down. press secretary for george bush summed it up in a recent tweet saying, quote, i and many others will likely donate less in 2013. but a new study from the nonpartisan tech center says charitable giving may actually increase this year by $3.3 billion. tax hikes are actually the main reason why. here's how it works. taxpayers deduct their charity at their marginal tax rate. last year the wealthy could deduct 35 cents for every dollar they gave. the current rate is 39.6%. so they can deduct 39.6 cents for every dollar they give. their cost of giving has, in other words, fallen by 7% for those making $400,000 or more per year. the same is true if you're giving away stock or real estate that's appreciated in value. the higher capital gains rate making giving more economically attractive. the cliff deal does limit certain deductions. but the benefits of these higher tax rates more than makes up that limit on deductions. so net-net, the wealthy get a bigger tax cut this year for giving. it's
the wealthy see charity and taxes two sides of the same coin. taxes go up, charity must go down. press secretary for george bush summed it up in a recent tweet saying, quote, i and many others will likely donate less in 2013. but a new study from the nonpartisan tech center says charitable giving may actually increase this year by $3.3 billion. tax hikes are actually the main reason why. here's how it works. taxpayers deduct their charity at their marginal tax rate. last year the wealthy could...
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Apr 4, 2013
04/13
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a new property tax cap... and the lowest middle class income tax rate in 60 years... and a billion dollars in tax breaks and incentives. new opportunities for business. over 250,000 new private sector jobs were created over the last two years. and 17 straight months of job growth. with the most private sector jobs ever. lower taxes, new incentives, new jobs, now that's news. to grow or start your business in the new new york visit thenewny.com ♪ here we are, me and you ♪ on the road ♪ and we know that it goes on and on ♪ [ female announcer ] you're the boss of your life. in charge of making memories and keeping promises. ask your financial professional how lincoln financial can help you take charge of your future. ♪ ♪ oh, oh, all the way ♪ oh, oh >>> the dow's up almost 60. speaking of which, six stocks in 60 seconds with jim, give or take a few. >> there's a bunch of guys raising targets. citi, this is more what should have happened yesterday. >> facebook phone. >> this is about monetizing international. they have to do it. i think it is going to be a s
a new property tax cap... and the lowest middle class income tax rate in 60 years... and a billion dollars in tax breaks and incentives. new opportunities for business. over 250,000 new private sector jobs were created over the last two years. and 17 straight months of job growth. with the most private sector jobs ever. lower taxes, new incentives, new jobs, now that's news. to grow or start your business in the new new york visit thenewny.com ♪ here we are, me and you ♪ on the road ♪ and...
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Apr 10, 2013
04/13
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you also have some other tax increases on tobacco, limiting tax benefits for iras. and hedge fund managers to pay for lower middle class workers. things like universal, preschool and other benefits. the questions are do we then get talks on a so-called grand bargain? some want to have this discussion. we'll see where it goes. simon, back to you. sfwl thank you very much. john har wwood with the latest there. during the course of the next hour of "squawk on the street," we're going to mix it up and take a slightly different format than we usually do. we're going to talk about the budget. we're also going to talk about the revival of detroit. could it be a blueprint for other cities around america? and we have fresh fact faces to take us through. also with us, mike santoli you will know from yahoo! a colu columnist there. the next hour we're calling "squawk on the street" overdrive. ♪ >> the third hour of "squawk on the street." thank you all for joining us. you've just seen the president there unveil his budget for 2014. mike, he said it was a blue prohibit for the
you also have some other tax increases on tobacco, limiting tax benefits for iras. and hedge fund managers to pay for lower middle class workers. things like universal, preschool and other benefits. the questions are do we then get talks on a so-called grand bargain? some want to have this discussion. we'll see where it goes. simon, back to you. sfwl thank you very much. john har wwood with the latest there. during the course of the next hour of "squawk on the street," we're going to...
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Feb 13, 2013
02/13
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earn taxes on that? >> i lost money on the investment so in fact i lost money which i didn't have a great deal of income. >> okay. thank you. senator hatcher? >> thank you, mr. chairman. i appreciate it. following the financial crisis, many financial firms including citigroup have taken actions to improve their performance operations and responsibilities. my question is about citigroup to you mr. lew, related to the time you were there, and not to current citigroup operations. frankly, i do not believe that i have a good understanding -- >> we'll take a break here but of course the q&a getting quite interesting regarding jack lew's cayman islands investment and now his experience at citi. we'll get you headlines as they happen. lot more reaction to the q&a when "squawk on the street" comes back. transit fares! as in the 37 billion transit fares we help collect each year. no? oh, right. you're thinking of the 1.6 million daily customer care interactions xerox handles. or the 900 million health insurance c
earn taxes on that? >> i lost money on the investment so in fact i lost money which i didn't have a great deal of income. >> okay. thank you. senator hatcher? >> thank you, mr. chairman. i appreciate it. following the financial crisis, many financial firms including citigroup have taken actions to improve their performance operations and responsibilities. my question is about citigroup to you mr. lew, related to the time you were there, and not to current citigroup operations....
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Apr 12, 2013
04/13
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cut middle class income taxes to the lowest rate in sixty years, and we're creating tax free zones for business startups. the new new york is working creating tens of thousands of new businesses, and we're just getting started. to grow or start your business visit thenewny.com only hertz gives you a carfirmation. hey, this is challenger. i'll be waiting for you in stall 5. it confirms your reservation and the location your car is in, the moment you land. it's just another way you'll be traveling at the speed of hertz. >>> welcome back to "squawk on the street." february inventories up .1%. a subtle .1 revision on last month's original release 1% which now stands at 0.9, and of course, being a february number it will be in the calculous that will give us our first look at gdp and that would be something to pay attention to, but the two big drivers today were weakened retail sales and a disappointing miss on the preliminary which could change on april's university of michigan sentiment survey. back to you, judge. >> let's get a check of the markets on the data that just came out on busin
cut middle class income taxes to the lowest rate in sixty years, and we're creating tax free zones for business startups. the new new york is working creating tens of thousands of new businesses, and we're just getting started. to grow or start your business visit thenewny.com only hertz gives you a carfirmation. hey, this is challenger. i'll be waiting for you in stall 5. it confirms your reservation and the location your car is in, the moment you land. it's just another way you'll be...
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Apr 2, 2013
04/13
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a new property tax cap... and the lowest middle class income tax rate in 60 years... and a billion dollars in tax breaks and incentives. new opportunities for business. over 250,000 new private sector jobs were created over the last two years. and 17 straight months of job growth. with the most private sector jobs ever. lower taxes, new incentives, new jobs, now that's news. to grow or start your business in the new new york visit thenewny.com carfirmation. only hertz gives you a carfirmation. hey, this is challenger. i'll be waiting for you in stall 5. it confirms your reservation and the location your car is in, the moment you land. it's just another way you'll be traveling at the speed of hertz. >>> welcome back to "squawk on the street." we are about 25 successes s we are about 25 successeseconds from factory numbers. we had ism come out at 51.2. we don't often follow all of the regionals. we follow all of the biggies and this was a big lower than the 58.8 last look. we are looking at a stock move up, pushing rates slightly higher and the survey says february fact
a new property tax cap... and the lowest middle class income tax rate in 60 years... and a billion dollars in tax breaks and incentives. new opportunities for business. over 250,000 new private sector jobs were created over the last two years. and 17 straight months of job growth. with the most private sector jobs ever. lower taxes, new incentives, new jobs, now that's news. to grow or start your business in the new new york visit thenewny.com carfirmation. only hertz gives you a carfirmation....
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Apr 11, 2013
04/13
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cut middle class income taxes to the lowest rate in sixty years, and we're creating tax free zones for business startups. the new new york is working creating tens of thousands of new businesses, and we're just getting started. to grow or start your business visit thenewny.com ♪ stand by your man ♪ >> well, bill ackman says he's standing by jcpenney. the investor telling women's wear daily he'll stand behind his investment. he holds almost 18% of penney's stock told wwd we're not going anywhere. in fact, we're going in the other direction. we're digging in. jim, we read this this morning. here's the article right here. >> does digging in mean double down? is he allowed to buy more? what is that? >> i wonder the exact same thing. i guess i would be somewhat surprised if he was doing that he's got 39.1 million shares. >> is that a full position? >> it is. it is a small position, david, relative to the size of the other investments in his portfolio. but what else is he going to do at this point? right? the stock -- the stock's down 45% from where he got in or thereabouts. he's got no
cut middle class income taxes to the lowest rate in sixty years, and we're creating tax free zones for business startups. the new new york is working creating tens of thousands of new businesses, and we're just getting started. to grow or start your business visit thenewny.com ♪ stand by your man ♪ >> well, bill ackman says he's standing by jcpenney. the investor telling women's wear daily he'll stand behind his investment. he holds almost 18% of penney's stock told wwd we're not...
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Dec 16, 2013
12/13
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>> we want to propose that we tax it one time, that's an excise tax. if municipalities in the state choose to have legalized marijuana sold in their communities they can tax another 5%, which will help them provide services to constituencieses. how do you keep it out of the hands of people under 18? the same way you keep cigarettes out of their hands, pass the laws, try to enforce them, work with parents and community to make sure young people don't do these things you'd like them not to do. >> cigarettes sold via a vendor who has to get a license to sell cigarettes. it more complicated than legal pot across the board would be where deals are taking place on the street. >> no, these deals would not take place on the street any longer. much like they -- that changed under prohibition of alcohol, it will change under eliminating prohibition of marijuana as well. people have to go to a regulated site where they can purchase it and they can use it, will not be able to smoke it on the street, no matter how old they are. it's something you have to use in the
>> we want to propose that we tax it one time, that's an excise tax. if municipalities in the state choose to have legalized marijuana sold in their communities they can tax another 5%, which will help them provide services to constituencieses. how do you keep it out of the hands of people under 18? the same way you keep cigarettes out of their hands, pass the laws, try to enforce them, work with parents and community to make sure young people don't do these things you'd like them not to...
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Jan 2, 2013
01/13
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on the estate tax, the inheritance tax, you see that going from 35% to 40% on estates of $5 million. although the value of that exemption is indexed for inflation. you see on capital gains and dividends the rate going from 15% to 20% on those top earners. now, secondly, you see a round of other changes, you see on the doc fix for medicare. you prevent the decline in medicare payments to medicare providers. you extend unemployment benefits for a year. you see that the payroll tax does not continue. that is going to be a tax increase for average families. those are some of the details that we've got on this bill. but it does not deal with the debt ceiling. it does not put off the sequester indefinitely. the -- it's only for two months we put off the sequester. so we're going to have to see how that is resolved. the alternative minimum tax was also permanently fixed. that's very expensive, because it protects tens of millions of families from having their incomes go up because they would be subject to that amt, which was always intended for what president obama likes to call millionaire
on the estate tax, the inheritance tax, you see that going from 35% to 40% on estates of $5 million. although the value of that exemption is indexed for inflation. you see on capital gains and dividends the rate going from 15% to 20% on those top earners. now, secondly, you see a round of other changes, you see on the doc fix for medicare. you prevent the decline in medicare payments to medicare providers. you extend unemployment benefits for a year. you see that the payroll tax does not...
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Oct 29, 2013
10/13
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i would just like to see, you know me, simon, i want pro-growth tax reform, particularly business tax reform, particularly the repatriation of over $1 trillion lodged overseas. >> that could change the game if it ever happens, larry. it's great seeing you. we'll see you tonight. >> thank you, thank you. >> "the kudlow report" at 7:00 p.m. eastern time here on cnbc. dow is up 43. let's go to dominic chew. >> shares of cummins has stalled out. they reported profits that fell short of estimates and cut full-year profit and sales outlook because of weaker demand, especially from the miners. meanwhile international sales fell by 4% because of weaker demand in places like europe and india, carl. back over to you. >> that one is hurting a lot. when we come back, apple ceo tim cook promising some new product categories next year on the company's conference call. is that enough for investors? what cook needs to be doing to lead apple in the right direction when we come right back. where others see fads... tdd#: 1-800-345-2550 ...you see opportunities. tdd#: 1-800-345-2550 at schwab, we're here
i would just like to see, you know me, simon, i want pro-growth tax reform, particularly business tax reform, particularly the repatriation of over $1 trillion lodged overseas. >> that could change the game if it ever happens, larry. it's great seeing you. we'll see you tonight. >> thank you, thank you. >> "the kudlow report" at 7:00 p.m. eastern time here on cnbc. dow is up 43. let's go to dominic chew. >> shares of cummins has stalled out. they reported...
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Apr 3, 2013
04/13
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a new property tax cap... and the lowest middle class income tax rate in 60 years... and a billion dollars in tax breaks and incentives. new opportunities for business. over 250,000 new private sector jobs were created over the last two years. and 17 straight months of job growth. with the most private sector jobs ever. lower taxes, new incentives, new jobs, now that's news. to grow or start your business in the new new york visit thenewny.com ♪ ♪ [ female announcer ] you're the boss of your life. in charge of long weekends and longer retirements. ♪ ask your financial professional how lincoln financial can help you take charge of your future. ♪ >>> i'm sharon epperson at the nymex with breaking news from the u.s. energy department on weekly crude supplies. we are expecting to see a build in crude supplies and that is what the industry reported last evening with the american petroleum institute's report and we have seen oil prices come off a bit here as we're down about 70 cents or so ahead of this release. bee saw a big build in crude supplies from the api num
a new property tax cap... and the lowest middle class income tax rate in 60 years... and a billion dollars in tax breaks and incentives. new opportunities for business. over 250,000 new private sector jobs were created over the last two years. and 17 straight months of job growth. with the most private sector jobs ever. lower taxes, new incentives, new jobs, now that's news. to grow or start your business in the new new york visit thenewny.com ♪ ♪ [ female announcer ] you're the boss of...
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Mar 25, 2013
03/13
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or nobody collects the tax. i'm not for taxes at all on these kinds of goods but i think it's got to be fair for everybody because it hurts local businesses if internet companies can do it without tax. but for us, our agenda is we don't think students should be paying tax on any educational material. they're already overburn denned with expenses and in debt. we shouldn't tax learning material. we hope that somehow gets event. >> any feeling as to how many states will jump on board now that they've been given this all clearab by the senate? >> the state of california has a bill in front of it now. it's interesting because it's only for buying which is opposed to what we do which is renting. they're trying to make a loophole which says if you rent you still have to collect taxes. for us, we're going to keep making the point that students are over burdened already. it's a an unfair tax and we want them to be able to get the material without the tax. >> just overall, business sense, we got sort of a reprieve from wa
or nobody collects the tax. i'm not for taxes at all on these kinds of goods but i think it's got to be fair for everybody because it hurts local businesses if internet companies can do it without tax. but for us, our agenda is we don't think students should be paying tax on any educational material. they're already overburn denned with expenses and in debt. we shouldn't tax learning material. we hope that somehow gets event. >> any feeling as to how many states will jump on board now...
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May 28, 2013
05/13
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much of that is simply coming from a lower tax rut as a result of bermuda paying that tax rate because they don't is a large opthalmic business. this is an equity run business so it has been run fairly lean to begin with with and they take out rnd and as that advantage tax rate, 25% of revenues is not something we tip beingly see with the cost savings. valiant getting financing from goldman sachs, it will do 1.5 billion to 2 billion worth of the stock. it's making money because the stock is going 11% higher and it's going valiant's way. it was a lot lower not long ago. it has been a very strong performer. kelly? >> that's right. amazing today, up 11%, but on a day when things are up across the board and as our friend dave lutz pointed out, the ten-year yield is above the 2013 projected dividend yield and that's for the first time this year. we'll see how things continue to shake out and the sunshine's state's latest challenge. this time it's having too much money. what will california do with its unexpected surplus? what effect might it have on muni bonds? we'll take you live out to th
much of that is simply coming from a lower tax rut as a result of bermuda paying that tax rate because they don't is a large opthalmic business. this is an equity run business so it has been run fairly lean to begin with with and they take out rnd and as that advantage tax rate, 25% of revenues is not something we tip beingly see with the cost savings. valiant getting financing from goldman sachs, it will do 1.5 billion to 2 billion worth of the stock. it's making money because the stock is...
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May 7, 2013
05/13
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bill which requires online retailers to tax customers and send that tax to the state in which they live easily passed the senate last night, but the bill could face tough challenges now in the house. representative steve danes is a republican and joins us live on no sales tax and representative david killner is a democrat from washington and he's a co-sponsor of the bill in the house. congressmen, thank you for joining us on cnbc. >> good morning. >> congressman danes, this passed so easily with bipartisan support in the senate and why would you oppose it in the house? >> they're two democratic senators in the senate voted against that bill in the senate. i've been in business for 28 years and one of the fastest ways to slow down growth and innovation is to tax it and regulate it. this is a $23 billion tax increase coming right out of the pockets of hardworking american families and men and women and it will add a regulatory burren. there are tax jurisdictions that they will have to comply with if this bill is passed. >> it's probably important to note as the front page of "usa today" p
bill which requires online retailers to tax customers and send that tax to the state in which they live easily passed the senate last night, but the bill could face tough challenges now in the house. representative steve danes is a republican and joins us live on no sales tax and representative david killner is a democrat from washington and he's a co-sponsor of the bill in the house. congressmen, thank you for joining us on cnbc. >> good morning. >> congressman danes, this passed...
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May 17, 2013
05/13
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this screams out for tax reform, does it not? >> it is a area ripe for redefinition and reform, yes, sir. >> regardless of whether the republicans or the democrats did something like this, the outrage should still be there, is that not correct? >> the outrage as to the -- >> the abuse. >> yes. >> all right. thank you. this section of the law has been abused by government employees and not by all of them, but some of them, and our job is to find out who they are, and all i want to get from you, mr. miller, and you, mr. george, is your integrity that is on the line is the president's, and the administration's, and it is the irs employees that work hard e each and every day, and unfortunately the congress involved in this. people are losing confidence in our government and i hope that you feel the same sense to find out what caused this, how it could happen and help us to restore the confidence that americans should have in their government. i will yield the balance of my time. >> thank you. mr. ryan is recognized for five minutes.
this screams out for tax reform, does it not? >> it is a area ripe for redefinition and reform, yes, sir. >> regardless of whether the republicans or the democrats did something like this, the outrage should still be there, is that not correct? >> the outrage as to the -- >> the abuse. >> yes. >> all right. thank you. this section of the law has been abused by government employees and not by all of them, but some of them, and our job is to find out who they...
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Apr 18, 2013
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click, your tax is paid. i don't know. >>> still ahead, the building of the biggest container ships to roam the world. and the man who's paying $190 million for each of them. the maersk ceo nils andersen will join us here live at post 9. >>> what will twitter music mean for the likes of pandora? back in two. but i wondered what a customer thought? describe the first time you met. you brought the flex in... as soon as i met fiona and i was describing the problem we were having with our rear brakes, she immediately triaged the situation, knew exactly what was wrong with it, the car was diagnosed properly, it was fixed correctly i have confidence knowing that if i take to ford it's going to be done correctly with the right parts and the right people. get a free brake inspection and brake pads installed for just 49.95 after rebates when you use the ford service credit card. did you tell him to say all of that? no, he's right though... omnipotent of opportunity. you know how to mix business... with business. and y
click, your tax is paid. i don't know. >>> still ahead, the building of the biggest container ships to roam the world. and the man who's paying $190 million for each of them. the maersk ceo nils andersen will join us here live at post 9. >>> what will twitter music mean for the likes of pandora? back in two. but i wondered what a customer thought? describe the first time you met. you brought the flex in... as soon as i met fiona and i was describing the problem we were having...
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Mar 27, 2013
03/13
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right now it's about tax revenues. ultimately when you look at an eaton corp., they do manufacturing, correct? what if they move everything offshore, with regard to manufacturing, to really take full advantage. this could be a jobs issue as well, correct? >> right. we have to think about. anything that eaton produces in the u.s., that's taxed at the u.s. rate. anything offshore, and there's quite a bit, it's savings. what if they decide we can move this operation to ireland just as easily? you'll have the initial startup costs, but how much more are we going to save on this? we have to trust this issue. it's not good right now. and they have to talk seriously about this. >> now there has been some bipartisan support for really doing reform correctly. but there's a lot of pitfalls. many people say we have the advertised corporate rate at 30%. so the savings may not be as dramatic. for mid sized corporations the issues are huge. if dave cant, a republican in michigan, and they're both trying to pull something together. t
right now it's about tax revenues. ultimately when you look at an eaton corp., they do manufacturing, correct? what if they move everything offshore, with regard to manufacturing, to really take full advantage. this could be a jobs issue as well, correct? >> right. we have to think about. anything that eaton produces in the u.s., that's taxed at the u.s. rate. anything offshore, and there's quite a bit, it's savings. what if they decide we can move this operation to ireland just as...
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Apr 5, 2013
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cut middle class income taxes to the lowest rate in sixty years, and we're creating tax free zones for business startups. the new new york is working creating tens of thousands of new businesses, and we're just getting started. to grow or start your business visit thenewny.com >>> big jobs number today showing an addition of 88,000 jobs last month, well below expectations and the biggest miss in about two years. the question is did you nail the number? this week we asked you to tweet us your predictions for nonparm payroll and if you're the lucky winner you'll receive an ipad case autographed by the squawk on the street gang. we have found a winner. >> really? and for someone to come in with an 88 they had to be thinking outlier to the down side. >> it had to be bernanke's assistant. >> that would be an interesting story. >> would that tell you everything? >> it's still going to be dr. krueger. >> no. that was a challenging interview. >> give them credit for coming on and getting them to be specific was tough. >> that's the question with anything, but the same answer. >> look, they're
cut middle class income taxes to the lowest rate in sixty years, and we're creating tax free zones for business startups. the new new york is working creating tens of thousands of new businesses, and we're just getting started. to grow or start your business visit thenewny.com >>> big jobs number today showing an addition of 88,000 jobs last month, well below expectations and the biggest miss in about two years. the question is did you nail the number? this week we asked you to tweet...
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Apr 23, 2013
04/13
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. >> 10,000 tax jurisdictions. that's ridiculous. >> it's a lot. thanks a lot. airlines, railroads and the all important apple. all those reports out today. and the earnings squad standing by to break it down. this can save you hundreds of dollars on your cell phone blil. why millions around the world are kicking it when the ceo of kik messenger joins us live. the ocean gets warmer. the peruvian anchovy harvest suffers. it raises the price of fishmeal, cattle feed and beef. bny mellon turns insights like these into powerful investment strategies. for a university endowment. it funds a marine biologist... who studies the peruvian anchovy. invested in the world. bny mellon. [ agent smith ] i've found software that intrigues me. it appears it's an agent of good. ge has wired their medical hardware with innovative software to be in many places at the same time. using data to connect patients to software, to nurses to the right people and machines. ♪ helping hospitals treat people even better, while dramatically reduc
. >> 10,000 tax jurisdictions. that's ridiculous. >> it's a lot. thanks a lot. airlines, railroads and the all important apple. all those reports out today. and the earnings squad standing by to break it down. this can save you hundreds of dollars on your cell phone blil. why millions around the world are kicking it when the ceo of kik messenger joins us live. the ocean gets warmer. the peruvian anchovy harvest suffers. it raises the price of fishmeal, cattle feed and beef. bny...
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Dec 23, 2013
12/13
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start a tax-free business at startup-ny.com. ♪ [ male announcer ] the parking lot helps by letting us know who's coming. the carts keep everyone on the right track. the power tools introduce themselves. all the bits and bulbs keep themselves stocked. and the doors even handle the checkout so we can work on that thing that's stuck in the thing. [ female announcer ] today, cisco is connecting the internet of everything. so everyone goes home happy. >>> happy holidays. welcome back. i'm sharon epperson at the nymex. take a look at gold. gold prices are right around the 1200 level. just below that, ma. we saw a six-month low for gold las week. the fed confirming it will be tapering its bond-buying program, an upward division of gdp for the third quarter. all of that is something that has put pressure on the gold market. we are looking at oil prices. brent crude is holding up a little bit better than the wti market. that has a lot to do with traders focusing on africa and southern sudan and concerns about what that will mean for oi
start a tax-free business at startup-ny.com. ♪ [ male announcer ] the parking lot helps by letting us know who's coming. the carts keep everyone on the right track. the power tools introduce themselves. all the bits and bulbs keep themselves stocked. and the doors even handle the checkout so we can work on that thing that's stuck in the thing. [ female announcer ] today, cisco is connecting the internet of everything. so everyone goes home happy. >>> happy holidays. welcome back. i'm...
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Jan 7, 2013
01/13
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guys, back to you. >> rick santelli, now that we've raised taxes, i guess it's time to raise taxes and not cut spending? >> i tell you what, i think we definitely need to be raising our awareness on exactly how much debt we are tagging future generations, hopefully discussion will turn that direction. one thing we know, there's been a slight direction turn in the treasury complex. two-day chart of tens will reveal we're hovering with close to 198, close to 2%. here we at 190. the 30-year is very little different. if you open the chart up on the ten-year to may 1st, you'll see we're comeping back to 10s and 30s to early may, at least on a closing basis. what's noteworthy is obviously the two-year note deal is just a couple of points higher. whether it's 30s to 10s, or 10s to 2s, 30s to 2s, all steepening. why does that matter? that helps banks continue to fund at very low rates on the shortest part of the curve, the federal reserve programs. if we look at the foreign exchange markets, we only need to look at two charts. the first chart is the euro/yen. this comes back to the highest lev
guys, back to you. >> rick santelli, now that we've raised taxes, i guess it's time to raise taxes and not cut spending? >> i tell you what, i think we definitely need to be raising our awareness on exactly how much debt we are tagging future generations, hopefully discussion will turn that direction. one thing we know, there's been a slight direction turn in the treasury complex. two-day chart of tens will reveal we're hovering with close to 198, close to 2%. here we at 190. the...
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Feb 22, 2013
02/13
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they talked about the payroll tax increase and higher gas prices. nordstrom, very interestingly, guided below consensus for 2013. they didn't comment on the economy. a lot of people trying to figure out what's going on. the only thing i would note about nordstrom, all the department stores, they have underperformed almost everything. the overall market, even though the retailers, since the start of the year, i think they're being used as a source of funds for other things. just note that they're kind of stuck right now and have been, not just this week, but really since the start of the year. a lot of analysts turned negative, a lot of people talking about tom lee over at jpmorgan, says right now we recommend investors turn cautious and defer incremental purchases. a lot of people talking about market tops in the short term. a technical analyst said the markets may already have entered a correction phase. i'll make a simple observation on this. every time the s&p 500 gets 8%, 9% above the 200-day moving average, the market stalls out. it's hard to k
they talked about the payroll tax increase and higher gas prices. nordstrom, very interestingly, guided below consensus for 2013. they didn't comment on the economy. a lot of people trying to figure out what's going on. the only thing i would note about nordstrom, all the department stores, they have underperformed almost everything. the overall market, even though the retailers, since the start of the year, i think they're being used as a source of funds for other things. just note that...
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Mar 7, 2013
03/13
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low cost and tax efficient. find out why nine out of ten large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. risk includes possible loss of principal. try running four.ning a restaurant is hard, fortunately we've got ink. it gives us 5x the rewards on our internet, phone charges and cable, plus at office supply stores. rewards we put right back into our business. this is the only thing we've ever wanted to do and ink helps us do it. make your mark with ink from chase. >>> welcome back to "squawk on the street." i'm mary thompson with breaking news about goldman sachs. according to an internal memo, the company is going to move to selecting its class of managing directors. . every two years. that will start in 2013. so it will name a new class of managing directors this year and then we'll move to a biannual selection process. this wa
low cost and tax efficient. find out why nine out of ten large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. risk includes possible loss of principal. try running four.ning a restaurant is hard, fortunately we've got ink. it gives us 5x the rewards on our internet, phone charges and cable, plus at office supply...
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Mar 19, 2013
03/13
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it back and pay the taxes. that's an enormous issue for apple that's close to 70% of its cash overseas and it's not an easy answer for that today. and it could be $170 billion by the end of this year says the financial times this morning and what does it mean for the sector moving forward? so far it's disappointed many, many people. >> i guess the question is how do they put that cash to use? many of us would like to see greater buybacks and greater dividends and could there be more m and a coming which would be positive for the market. in the interim, stronger dividends and stronger buybacks is something that should help at least on the margin. >> let's just say, will, ceo tim cook picks up the phone and gives you a call and says hey, will, what do you think we should do with our cash? what would you tell him? >> i think they should increase the dividend moderately. they're generating $40 billion a year in free cash flow and that could be a 15 billion number and maybe even a $20 billion annual dividend. >> let
it back and pay the taxes. that's an enormous issue for apple that's close to 70% of its cash overseas and it's not an easy answer for that today. and it could be $170 billion by the end of this year says the financial times this morning and what does it mean for the sector moving forward? so far it's disappointed many, many people. >> i guess the question is how do they put that cash to use? many of us would like to see greater buybacks and greater dividends and could there be more m and...
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Feb 19, 2013
02/13
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and that gasoline acts as a tax. so you've got two taxes coming on to the group of people who might be the dollar tree person. but it's maybe in perceptible to the guy who is buying a very expensive coat at nordstroms. >> you have the image of throwing clothes in the air. >> that is great. >> you think it's a long coors short family dollar kind of market? >> i do. now, i'm not talking about coors the beer. that's more like the dollar drink. but do i feel strongly that when you get in the way of high fashion, you'd better have a coach, meaning a company that seems to not be doing that well and to make a stand on a family dollar. to make stand on a dollar general to a dollar tree. you'd better have your facts right or you'd better hope for lightning to strike by office max and office depot. >> where are the kohl's and the targets of the world, macy's? are they in no man's land? >> macy's reported a pretty darn good number, yet there's macy's, the same place. kohl's reported a good number. the stock jumped and then it's
and that gasoline acts as a tax. so you've got two taxes coming on to the group of people who might be the dollar tree person. but it's maybe in perceptible to the guy who is buying a very expensive coat at nordstroms. >> you have the image of throwing clothes in the air. >> that is great. >> you think it's a long coors short family dollar kind of market? >> i do. now, i'm not talking about coors the beer. that's more like the dollar drink. but do i feel strongly that...
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Jan 14, 2013
01/13
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the president said he wouldn't raise taxes on everybody. he did raise taxes on everybody. he still has the moral high ground. it's about spending. which is just future taxes. how can that pledge be changed? you're not going to be able to combat the debt ceiling with a static pledge. >> okay. well the good news is, that moving forward we're going to have a four-year struggle against the president's overspending. and we have three days, three battles that we know the day of. march 2nd is when the sequester begins. watch the president try and weasel out of the sequester, that it was his idea, and he agreed to it -- >> doesn't matter whose idea it is. how are you going to get on the offense? see i'm with you. i'm a fiscal conservative. but you're on your back feet. >> no, no. the sequester takes place automatically unless something else happens, saving $1.2 trillion. debt ceiling which comes up around march 14th, fuzzy day but roughly march 14th, there the republicans have said for two years now, because the president's busting the budget with all his spending he's going to ha
the president said he wouldn't raise taxes on everybody. he did raise taxes on everybody. he still has the moral high ground. it's about spending. which is just future taxes. how can that pledge be changed? you're not going to be able to combat the debt ceiling with a static pledge. >> okay. well the good news is, that moving forward we're going to have a four-year struggle against the president's overspending. and we have three days, three battles that we know the day of. march 2nd is...
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Jan 22, 2013
01/13
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federal income tax rate, new rate 39.6%. california income tax, proposition 30, just raised it to 13.3%. that gets you to 52.9% with those two numbers alone. medicare/medica medicare/medicaid, another 2%. health care, 9%. self-employment taxes, 15.3%, but only on income over $113,000. so it's really 2.9% for him there. local taxes where he wins his tournaments, maybe another 1% to be con receiver tiff. what does all that add up to? basically it's around 59% to 60%. and that is without any basic planning. even if phil used turbo tax, he could get that number way down. let's take a look. if he deducted his california state taxes from federal, that's pretty standard. he reduces it. he could deduct his golf expenses. those i guess would be substantial. basic retirement planning, 401(k), i.r.a., probably does that. if he earns any income from investments, those, of course, are taxed at 20% to 20.8%. if he has a mortgage, if he deducts his child care expenses, et cetera. so very basic tax planning, where does that get us? well, it
federal income tax rate, new rate 39.6%. california income tax, proposition 30, just raised it to 13.3%. that gets you to 52.9% with those two numbers alone. medicare/medica medicare/medicaid, another 2%. health care, 9%. self-employment taxes, 15.3%, but only on income over $113,000. so it's really 2.9% for him there. local taxes where he wins his tournaments, maybe another 1% to be con receiver tiff. what does all that add up to? basically it's around 59% to 60%. and that is without any basic...
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Dec 19, 2013
12/13
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. >> he's got a huge tax bill. i'm trying to be a little cheeky here but it's sort of the taper of secondaries. it's really small on a market cap basis. it's being added to the index at the end of the day tomorrow. it's the right time to basically do it, i think. >> yeah. someone said it's a brilliantly timed move from an investor relations perspective. >> this is a company that historically has done a lot of things wrong with wall street. the cfo's office gets a lot of credit for timing it. he's using it to pay taxes, a lot of it is going to charity. >> when do you start to get worried about the flow, about major dilution over time? >> when you look at a $4 billion offering at a company worth 400 billion at this point, we're not even worried about it. well above 5% you might get concerned but certainly not now. >> why does the company need to issue shares. >> because he has to pay the tax bill -- >> separate from zuckerberg. >> why not. when they made the teen engagement comment. i think when it ran after earnings
. >> he's got a huge tax bill. i'm trying to be a little cheeky here but it's sort of the taper of secondaries. it's really small on a market cap basis. it's being added to the index at the end of the day tomorrow. it's the right time to basically do it, i think. >> yeah. someone said it's a brilliantly timed move from an investor relations perspective. >> this is a company that historically has done a lot of things wrong with wall street. the cfo's office gets a lot of credit...
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Oct 15, 2013
10/13
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the bill will delay the medical device tax that's part of obama care for two years. it's going to install income verification for some of the obama care subsidies so the government can check and see the people have the income level they say they have. and it will have language that will cancel health insurance for subsidies for members of congress and members of the presidential cabinet and the debt ceiling will be lifted until about february the 7th. that's the structure of the proposal the house republicans will move. that's very different from the deal being cobbled together on the senate side. now we have clashing house and senate here going into the final hours of this debt ceiling showdown. the question is which chamber will prevail here. republicans in the house seem not to be ready to give up at this point and accept a senate deal on its own terms. they're still pushing for more, guys. >> why would mcconnell float certainly that he didn't think boehner could deliver on on his side? why is that not happening? >> that's been one of the questions with the senate
the bill will delay the medical device tax that's part of obama care for two years. it's going to install income verification for some of the obama care subsidies so the government can check and see the people have the income level they say they have. and it will have language that will cancel health insurance for subsidies for members of congress and members of the presidential cabinet and the debt ceiling will be lifted until about february the 7th. that's the structure of the proposal the...
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Jun 3, 2013
06/13
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we will speak to rick santelli on tax reform and the economy. reports revealing the irs spent millions of dollars on employee conferences and clearly did nothing for their dancing skills. now could that affect the industry? we'll talk to lloews chairman tish. >>> not quite as weak as friday but still shaping up to be a roller coaster of a ride. major averages jumped and retreated following a weaker than expected economic data. the ism report in particular, a point of concern. let's bring in tobias, chief equity trat gist and paul with wells capital management. good morning to you both. >> good morning. >> good morning. >> tobias, first to you. how worrisome is this i zrk m report? what do you think markets are doing? >> i'm not as worried about the ism report. tip towed into euphoria friday morning. the first time we've seen that since late '07, early '08, negative sign in terms of investor's positioning already. that's a little worrisome. i don't think it's a shocker. we don't have credit environments breaking down like we did in '07, '08. it s
we will speak to rick santelli on tax reform and the economy. reports revealing the irs spent millions of dollars on employee conferences and clearly did nothing for their dancing skills. now could that affect the industry? we'll talk to lloews chairman tish. >>> not quite as weak as friday but still shaping up to be a roller coaster of a ride. major averages jumped and retreated following a weaker than expected economic data. the ism report in particular, a point of concern. let's...
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Feb 26, 2013
02/13
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motivated at least in part by tax strategies. employers moved certain payments due to high income individuals from 2013 where they may have been scheduled to 2012 to help folks take advantage of lower tax rates that were in -- that were present last year. the other thing of note is that there are more growth -- there's more job growth coming from industries other than securities, you guys, than from wall street. as a matter of fact, wall street really has not regained the jobs lost in the financial crisis, and the growth that is coming, is coming from outside of that business. >> kate, very good stuff. thanks so much. as we await the fed chairman on the hill, let's bring back our panel, scott and tom. scott, i'd love to hear your thoughts on what you said so far in the remarks, that the embargo just lifted on the sequester. it sounds like he's going to try to carry some water for the white house, and tell people that this is going to be, in his words, significant to gdp. >> well, you know, carl, if you look at the formula for gdp
motivated at least in part by tax strategies. employers moved certain payments due to high income individuals from 2013 where they may have been scheduled to 2012 to help folks take advantage of lower tax rates that were in -- that were present last year. the other thing of note is that there are more growth -- there's more job growth coming from industries other than securities, you guys, than from wall street. as a matter of fact, wall street really has not regained the jobs lost in the...
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Feb 25, 2013
02/13
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people want to know the president wants to tax, tax, tax. we could also do this carry interest. when i was a hedge fund manager, i was not able to convert ordinary income into capital gains. that's the new way to do it. ronald reagan felt that was one of the worst things you could ever do is be able to convert ordinary income into capital gains. if you believed in reagan, of which i did, you would change it. >> it should be changed. i firmly believe, some of my friends in private equity disagree. >> do you still get invited to the parties that i know you frequent? >> maybe not. >> you're not going to the hamptons? you go all the way out to montauk? there are still some hedgies out there. >> no, they're coming. we try to defend ourselves. unfortunately, no, money talks. >> yes. >> the first trading day of the week and cramer will help you start it off the right way with his "mad dash," coming up next. if you have teenage kids, they're probably snap chatting. one of the most popular app as. >> i'm going to be really upset when i figure out what it is. >> this guy's not going to be
people want to know the president wants to tax, tax, tax. we could also do this carry interest. when i was a hedge fund manager, i was not able to convert ordinary income into capital gains. that's the new way to do it. ronald reagan felt that was one of the worst things you could ever do is be able to convert ordinary income into capital gains. if you believed in reagan, of which i did, you would change it. >> it should be changed. i firmly believe, some of my friends in private equity...
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Jan 3, 2013
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rates and reduced tax benefits. well, i don't know, but the deal looked to me like adjusted gross income of $400,000 on individuals and $450,000 agi on couples. now, does it end there? let's look a little bit further down. it says the agreement doesn't cut social security benefits, medicare or medicaid. that's because the president stood strong against reducing the deficit on the backs of seniors, students, poor and working families. in order to remain strong, they need to fix it! is that something to brag about? and the last thing is, today we had the adb report. it was much better than expected. i contacted adp and said what about seasonable highing? they said there is a seasonal adjustment for that and a seasonal adjustment when it works its way out so that will cushion the effects. i don't know if it will or won't but it doesn't surprise me that this read was stronger than expected. back to you. >> thank you, rick santelli. >>> keep tweeting today. starbucks will start selling a reusable plastic cup that resembl
rates and reduced tax benefits. well, i don't know, but the deal looked to me like adjusted gross income of $400,000 on individuals and $450,000 agi on couples. now, does it end there? let's look a little bit further down. it says the agreement doesn't cut social security benefits, medicare or medicaid. that's because the president stood strong against reducing the deficit on the backs of seniors, students, poor and working families. in order to remain strong, they need to fix it! is that...
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Mar 12, 2013
03/13
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after-tax, by the way, interest rates are tax deductible. your actual cost of money here is incredibly low. 30-yore money, yeah, 30-year money is 30.75%. >> that's unbelievable and it's the story of corporate america and theable not just to repair balance sheets which went on in the last few years, but the ability now to go and say okay, we'll refinance, but we'll also buy back stock and that's what via com tells us what's going to use and using proceeds not just for indebtedness and also to repurchase shares. when your cost to capital is that low and you can pay a dividend, it can be accretive to cash flow. >> yes. yes. y think we have a chart for you. you know records in terms of u.s. corporations are buying back for their stocks and this pts it in some perspective and we continue to see this in the late innings and you're starting to see companies, let's hit it before we change a bit and it is one of the stories and one of the key stories driving -- continuing to drive this market. not a big story for via comal though in media especially,
after-tax, by the way, interest rates are tax deductible. your actual cost of money here is incredibly low. 30-yore money, yeah, 30-year money is 30.75%. >> that's unbelievable and it's the story of corporate america and theable not just to repair balance sheets which went on in the last few years, but the ability now to go and say okay, we'll refinance, but we'll also buy back stock and that's what via com tells us what's going to use and using proceeds not just for indebtedness and also...
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Apr 15, 2013
04/13
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lots of taxes and different fees and they don't come in the form of taxes. if the ship gets into trouble overseas, is it fair that they have to pay for part of that rescue for reimbursement. the coast guard couldn't accept reimburse am t reimbursement the way it is structured. we are often picking up people and deviating our path in the ocean especially in the caribbean area, to pick up distressed mariners, people on boats and it's a cooperative arrangement that's been on a long time. this would have to be investigated and it would be a change from the way ing things are done. >> let me talk about what you came here to talk about which is a new generation of ships, the quant quantum. you were excited about this, and an unveiling tomorrow and we can't see the plans yet. why are they different? >> it really is in our company's dna. when we get a chance to make a new generation of ships when she comes in in a year and a half like oasis and allure of the seas two or three years ago. it's a chance to deliver new wow features to the marketplace that are really exc
lots of taxes and different fees and they don't come in the form of taxes. if the ship gets into trouble overseas, is it fair that they have to pay for part of that rescue for reimbursement. the coast guard couldn't accept reimburse am t reimbursement the way it is structured. we are often picking up people and deviating our path in the ocean especially in the caribbean area, to pick up distressed mariners, people on boats and it's a cooperative arrangement that's been on a long time. this...
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May 22, 2013
05/13
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the issue is tax reform. if there is one area of consensus in washington and across the country, there's a lot of consensus. here it happens to be bipartisan, that we have to simp simplify the tax code. and make it working for businesses. there's all kinds of ways to do that. the hard part is getting consensus ford to move forward. the good news here, i don't want to overstate it, but it's important to assert it, is we've had two chairman. chairman baucus and the finance committee. they are working together individually and their staff to try to tackle this. and processes for mechanics under way in both places. for example, every thursday in the finance committee, we sit down around the table and for at least an hour or more, go through elements of the tax code. that's all the good news. the question i have for you, maybe one or two, the basic question is can you give an opinion or assess the impact, i'm assuming it would be positive, but i would like to hear about this, on passage of a substantial bipartisan
the issue is tax reform. if there is one area of consensus in washington and across the country, there's a lot of consensus. here it happens to be bipartisan, that we have to simp simplify the tax code. and make it working for businesses. there's all kinds of ways to do that. the hard part is getting consensus ford to move forward. the good news here, i don't want to overstate it, but it's important to assert it, is we've had two chairman. chairman baucus and the finance committee. they are...
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May 17, 2013
05/13
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chairman of the ways and means committee and max baucus want to use this scandal to propel to reform the tax system and make the case that the tax system produces skepticism and even maybe corruption, but i asked him whether or not the public would have confidence in what they were doing because of all of the people lobbying the issue including their former aides. here is max baucus and dave c camp. >> it is my goal, and chairman camp's goal to be totally transparent, open, in this process so that there is more trust all of the way around and especially with the american people. >> and what would you say to the people out there who say, come on, 28 people who used to work for you are lobbying on this. >> well, they will do whatever they do, and they are not influencing me. what is influencing me is how to make the code much more efficient, and how to make it more competitive so that the american companies are more competitive and make it more simple and get rid of the complexity and help individuals
chairman of the ways and means committee and max baucus want to use this scandal to propel to reform the tax system and make the case that the tax system produces skepticism and even maybe corruption, but i asked him whether or not the public would have confidence in what they were doing because of all of the people lobbying the issue including their former aides. here is max baucus and dave c camp. >> it is my goal, and chairman camp's goal to be totally transparent, open, in this...
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May 30, 2013
05/13
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you're taxing future generations. you're taxes the unborn. they're going to thank you for the massive disaster that was handed to them. as long as we have one party saying no taxes. it needs to be drastically reformed. you have both parties in the military complex and we're still spending $650 billion for defense. >> so the honesty will be in the raising of taxes. >> the honesty will come when you tell the middle class you're not going to get a tax cut. you're going to pay more. then they will wake up. then they will march on washington and demand that we do something about the giant programs that are difting today because everybody thinks the fed will take care of the debt. >> if you were in charge, how much would you cut the defense spending? >> 28%. no problem. >> we can end it there. many think they understand david stockman. they don't. he advocates many issues that both parties like but can't get together on. back to you. >> that's a great point, rick. thanks for that interview. what happens when google takes over a townhouse in new yor
you're taxing future generations. you're taxes the unborn. they're going to thank you for the massive disaster that was handed to them. as long as we have one party saying no taxes. it needs to be drastically reformed. you have both parties in the military complex and we're still spending $650 billion for defense. >> so the honesty will be in the raising of taxes. >> the honesty will come when you tell the middle class you're not going to get a tax cut. you're going to pay more....
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May 17, 2013
05/13
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businesswoman who had never been audited by the irs or any of these agencies until she applied to you for tax exempt status for her tea party. the broader question here, is this still america? is this government so drunk on power that it would turn its full force, its full might to harass and intimidate and threaten an average american who only wants her voice and their
businesswoman who had never been audited by the irs or any of these agencies until she applied to you for tax exempt status for her tea party. the broader question here, is this still america? is this government so drunk on power that it would turn its full force, its full might to harass and intimidate and threaten an average american who only wants her voice and their
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Mar 21, 2013
03/13
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the president, congress, they decided to raise taxes on the wealthy, put through a payroll tax increase, entitlements. we've got two out of three going. we had the president and congress raising taxes on the wealthy. i don't think bernanke wants to be the fed of 1937 because the recession came back aggressively and it was only world war ii that made the hiring come back. he doesn't want to be the guy -- he'd rather be second-guessed by all the bears who come on and say he's got to tighten because my short positions aren't making any money. he's not responding to the people who are short. he's actually responding to the american people. old-fashioned kind of guy. >> in terms of the reaction in the markets after the ben bernanke news conference, was that surprising at all that, for whatever reason, for whatever he said, the markets managed to rise and actually reached the highs of the day afterwards? >> i think there were a lot of people who expected that he would put in some language that just says, we're not going to keep rates low indefinitely because we see real estate, affordability
the president, congress, they decided to raise taxes on the wealthy, put through a payroll tax increase, entitlements. we've got two out of three going. we had the president and congress raising taxes on the wealthy. i don't think bernanke wants to be the fed of 1937 because the recession came back aggressively and it was only world war ii that made the hiring come back. he doesn't want to be the guy -- he'd rather be second-guessed by all the bears who come on and say he's got to tighten...
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170
Jan 4, 2013
01/13
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you can see everything they're holding, and they're more tax efficient. that tax efficiency, melissa and simon, was one of the reasons they saw more inflows in the fourth quarter, as these concerns about higher taxes under the fiscal cliff came into play as well. >> great points, bob, thank you. bob pisani. >>> new york's health department finding fracking could be conducted safely in the say, according to "new york times." wayne deangelo is special counsel on energy and environmental matters in the consulting firm kellie fry. >> i would think for a lot of the companies that wand to frack in the state, this could be po templeally game changing. at the same time there's some controversy about the validity of this study, which had southbound kept secret. a copy was obtained by the times. a spokesperson say the documents is merely a victimry. nearly a year old and there would be substantial changes to that version. what do you know about this document and whether it's up to date and could be used to make the case that flacking is okay in new york? >> the stu
you can see everything they're holding, and they're more tax efficient. that tax efficiency, melissa and simon, was one of the reasons they saw more inflows in the fourth quarter, as these concerns about higher taxes under the fiscal cliff came into play as well. >> great points, bob, thank you. bob pisani. >>> new york's health department finding fracking could be conducted safely in the say, according to "new york times." wayne deangelo is special counsel on energy...
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Dec 26, 2013
12/13
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>> one is a 39.6% tax bracket. the other is 3.8% on net investment income on dividends and capital gains and also i was very surprised because most people don't like the alternative minimum tax, amt. you really want to be in it this year because you're paying a less rate. if you're at 39.6%, you're better off paying 28%. the difference, though, is when you're in alternative minimum tax, you don't get all your deductions like state tax deductions when you're past that threshold. you maximize your state tax deduction so you're in the 28% bracket, thereby reducing your overall rate. >> sounds so straight forward. >> so how do you make this better and less painful? >> first of all, you have to plan for a two-year period. you want to understand where you're going to be for 2013 and 2014. then when you look at the years, you want to see are you coming up any of the thresholds? if you are, you my want to accelerate income into the current year or to the subsequent year. >> is there sufficient withholding tax on those high
>> one is a 39.6% tax bracket. the other is 3.8% on net investment income on dividends and capital gains and also i was very surprised because most people don't like the alternative minimum tax, amt. you really want to be in it this year because you're paying a less rate. if you're at 39.6%, you're better off paying 28%. the difference, though, is when you're in alternative minimum tax, you don't get all your deductions like state tax deductions when you're past that threshold. you...
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109
Feb 7, 2013
02/13
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eye 109
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low cost and tax efficient. find out why nine out of ten large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. risk includes possible loss of principal. >>> check out the auto parts retailers today, a couple of them moving sharply higher. some folks figure it makes more sense fixing up a car they have rather than buying a new one. that's helping advance this space. advanced auto parts is shooting higher. beats on the bottom line. same store sales fall, but less than the last quarter. another one is o'reilly automotive. their fourth quarter income pops 8%. and same store sales hit a record. carl, back to you. >> at least something's working, josh, with the dow now down almost 130. thanks. we're seeing quite a selloff in the markets here today. joe greco of meridian equity partners here with me at post 9. europe is closed. this is normal
low cost and tax efficient. find out why nine out of ten large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. risk includes possible loss of principal. >>> check out the auto parts retailers today, a couple of them moving sharply higher. some folks figure it makes more sense fixing up a car they have rather...
145
145
Feb 21, 2013
02/13
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eye 145
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there's a lot of negatives in there the payroll tax, late tax refunds, referenced everything, the street was prepared for the worst. the stock trading up 1% now february sales started slower than planned due large part due to delay in income tax refunds. those are now coming n of course it was a problem but i think this is going to be rectified some what the dividend, 2.7%, walmart, right in the middle of the pack for the dow jones industrial average now. good news for them. finally, guys will they never learn? two congressmen are planning to introduce a financial transactions pack in the united states. don't you think they would know better? it was a loser in sweden, it drove business away from sweden, they had one in the 19850s, france just started it, elusive there. europe seriously considering, all the other countries, a terrible yesterday. tim harkin, peter defazio, both planning to introduce this, hope and plan that this will go nowhere. guys, back to you. >> bob, so right. speaking for our viewers, can i just say, really terrible, just terrible idea. let's shift to bonds and the d
there's a lot of negatives in there the payroll tax, late tax refunds, referenced everything, the street was prepared for the worst. the stock trading up 1% now february sales started slower than planned due large part due to delay in income tax refunds. those are now coming n of course it was a problem but i think this is going to be rectified some what the dividend, 2.7%, walmart, right in the middle of the pack for the dow jones industrial average now. good news for them. finally, guys will...
145
145
Feb 5, 2013
02/13
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we already know that because of payroll tax holidays eatio and the additional taxes applied to households, that will shave about 1.1% off the gdp. if we went into the sequester and allowed the $110 billion to be taken out of the economy as was its face value, that would be about another .7 of 1%. collectively about a 1.8% hit the gdp on an annualized basis. that leaves little margin of safety. so hopefully some effort to perhaps trim that sequester amount to something a little bit more reasonable. at least back end loaded, will enable the economy to muster some momentum. >> yet, mark, $77 billion of new cash, according to trim tabs, came into the market in january. would you be a contrarian with that or would you say strength? >> i think it's a little too soon to call it the great rotation that everybody's been anticipating. i think it's encouraging. i wouldn't necessarily be prepared to take a contrarian position on that, to say that now that means all the retail money has flocked in like lemmings equity prices after they already moved up substantially. i think we have a long way to go.
we already know that because of payroll tax holidays eatio and the additional taxes applied to households, that will shave about 1.1% off the gdp. if we went into the sequester and allowed the $110 billion to be taken out of the economy as was its face value, that would be about another .7 of 1%. collectively about a 1.8% hit the gdp on an annualized basis. that leaves little margin of safety. so hopefully some effort to perhaps trim that sequester amount to something a little bit more...
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May 15, 2013
05/13
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eye 74
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that implies a certain level of after-tax cash flow, net operating after tax. you look at the cash flow, you add the cash per share that the company has and you take out the debt and you take out option liabilities and you take out deferred tax liabilities and you get to sort of a net equity value per share that equals the $295 for 75% return on invested capital or 250% on invested capital. >> you are doing a discounted cash flow valuation? >> it's essentially discounted cash flow valuation. it's a perpetuity value on the implied note pad. it's detailed on the article on my blog. i show my model and it's totally transparent and my goal is to further the knowledge of investor so they can make a more informed decision and everything about this analysis is transparent and you can see it on the blog. >> i just wanted to understand the basics of it. thank you. >> neither you or the firm are long or short the shares? >> that's correct. i know you say you don't want to have to bet on whether or not they roll out revolutionary products, but you will admit there's risk
that implies a certain level of after-tax cash flow, net operating after tax. you look at the cash flow, you add the cash per share that the company has and you take out the debt and you take out option liabilities and you take out deferred tax liabilities and you get to sort of a net equity value per share that equals the $295 for 75% return on invested capital or 250% on invested capital. >> you are doing a discounted cash flow valuation? >> it's essentially discounted cash flow...
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Jul 1, 2013
07/13
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the gas tax is the highest in the country. we'll talk to a gas station owner about what that means for prices, drivers, and his bottom line when question come back in a moment. hey linda! what are you guys doing? having some fiber! with new phillips' fiber good gummies. they're fruity delicious! just two gummies have 4 grams of fiber! to help support regularity! i want some... [ woman ] hop on over! [ marge ] fiber the fun way, from phillips'. just by talking to a helmet. it grabbed the patient's record before we even picked him up. it found out the doctor we needed was at st. anne's. wiggle your toes. [ driver ] and it got his okay on treatment from miles away. it even pulled strings with the stoplights. my ambulance talks with smoke alarms and pilots and stadiums. but, of course, it's a good listener too. [ female announcer ] today cisco is connecting the internet of everything. so everything works like never before. with fidelity's options platform, we've completely integrated every step of the process, making it easier to
the gas tax is the highest in the country. we'll talk to a gas station owner about what that means for prices, drivers, and his bottom line when question come back in a moment. hey linda! what are you guys doing? having some fiber! with new phillips' fiber good gummies. they're fruity delicious! just two gummies have 4 grams of fiber! to help support regularity! i want some... [ woman ] hop on over! [ marge ] fiber the fun way, from phillips'. just by talking to a helmet. it grabbed the...
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Oct 18, 2013
10/13
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>> i hope 35% is not the run rate for our taxes. i think of more around 30%, particularly as we have a u.s.-centric business wealth management, which is predominantly u.s. there were some adjustments, i think 3 cents of repatriation of foreign taxes. you know, that move's plus or minus a couple of cents every quarter. i would target generally about a 30% tax rate, for the business mix as it is today. >> on the call, your cfo, ruth parrette, talked about the impasse we saw in d.c., over the last couple of weeks. >> mm-hmm. >> was a tax on business. now, we have this kind of temporary window, where we see -- we hope congress will come to some kind of an agreement, and the white house. what would you like to see out of d.c. over the next three months? if you had a wish list in that long-term solution, give me two things you'd like to see? >> both sides start talking today rather than february 6th, or whatever the date is before the final next date. so we start the discussions, we start behaving as though we're trying to do what's right
>> i hope 35% is not the run rate for our taxes. i think of more around 30%, particularly as we have a u.s.-centric business wealth management, which is predominantly u.s. there were some adjustments, i think 3 cents of repatriation of foreign taxes. you know, that move's plus or minus a couple of cents every quarter. i would target generally about a 30% tax rate, for the business mix as it is today. >> on the call, your cfo, ruth parrette, talked about the impasse we saw in d.c.,...